EX-12.5 7 ex12_5.htm EXHIBIT 12.5 - CILCORP INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex12_5.htm
Exhibit 12.5
 
CILCORP INC.
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)
       
       
 
9 Months Ended 
  
Year Ended 
 
September 30,
  
December 31,
 
 2008
  
2007
Net income from continuing operations
 $  41,916
  
 $  49,402
Add- Taxes based on income
               19,526
  
               21,018
       
Net income before income taxes
61,442
  
70,420
       
Add- fixed charges:
      
Interest on long term debt  (1)
40,022
  
62,824
Estimated interest cost within rental expense
270
  
343
Amortization of net debt premium, discount,
and expenses
1,050
  
1,322
Subsidiary preferred stock dividends
1,136
  
1,869
Adjust preferred stock dividends to pre-tax
basis
                    
    515
  
                    
812
Total fixed charges
               42,993
  
               67,170
       
Less: Adjustment of preferred stock dividends to pre-tax basis
515
  
812
       
Earnings available for fixed charges
 $  103,920
  
 $  136,778
       
Ratio of earnings to fixed charges
2.41
  
2.03